The Rise of ESG and Sustainability and How Software Can Help

The Rise of ESG and Sustainability and How Software Can Help

IBM

Sustainability in the oil and gas (O&G) industry.

The O&G sector operates in a unique business environment:

  • Whilst demand is declining, the world's energy mix will continue to require hydrocarbons
  • Opportunities to pivot towards clean or new energy solutions at pace are restricted, particularly for NOCs
  • Transparency and accountability in ESG reporting and disclosure has become a growing priority for investors and other stakeholders
  • NOCs face additional pressure to balance low-carbon initiatives with national economic development and growth
  • Sources of greenhouse gas (GHG) emissions are dispersed, but data capture and emission-forecasting methods are mature
  • Data security is paramount in this competitive industry


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